How to make money with steemit

STEEMIT is a new social network where bloggers and commenters are paid for the amount of upvotes (they are like Facebook’s “likes”) they receive from the registered users. In order to ensure a fair social platform its founders tried to eliminate bots and “haters” by implementing a reputation system which determines how much your vote is worth.

The policy of the platform and the founding company is to be owned by the workers (bloggers and commenters) per the ‘fair share’ relation for the work they have put into the platform – be it for ideas, code implementation, content creation or content curation (users are paid to play admins). By principle this is a great idea which has already been used in communism and socialism. But as we all know the reality is usually far from the theoretical principle and we also know what happened to countries utilizing those ideologies. However some modern companies and associations do use similar models and seem to be doing OK so STEEMIT might have a shot at making this work.